Economics

MEconomicsMOpinion When Steve Jobs died, there was a mass outpouring of grief for the man who introduced Apple to the world. And while I’m an Apple user, it wasn’t my first experience with a computer or game console. The first piece of computer equipment my family owned was a Sega Master System II. The one … Continue reading →

MEconomicsMO Has Australia rested on its laurels for too long? During the global financial crisis, Australia’s economy defied the global trend, continuing to grow, as the world watched with envy. Australia’s interest rates were among the highest in the world, as our resources sector propelled our economy, despite signs other sectors, like retail and manufacturing … Continue reading →

MEconomicsMO Anyone who thinks they can’t make money during the global economic slowdown only needs to look at Instagram to see that they’re wrong. Instagram is a photo-sharing application. At it’s simplest, it can be used to take a photo with a smartphone, then apply a filter to transform the image, such as a black … Continue reading →

MEconomicsMO So I may have a vested interest in seeing the Australian dollar stay strong. No, it’s nothing sinister. I’m heading to Europe later this year, so I want value for money. Over the past few days, the Australian dollar has fallen against most of the major currencies, including the Euro and the US dollar. … Continue reading →

MEconomicsMO> So, the Reserve Bank has left interest rates on hold once again, at 4.25 per cent. But the odds are it will have to cut next month, giving Tresurer Wayne Swan a welcome pre-budget present. Most of the data leading into the RBA’s decision today pointed to a softening economy. Earlier this week, building … Continue reading →

I’m a Honda Civic Sport driver, so it doesn’t affect me, but if you’ve splurged on a BMW 5 or 6 series, then you might want to think about getting it checked out. The German carmaker has issued a recall of all BMW and 6 series cars, made between 2003 and 2010. The recall is … Continue reading →

What would you do if you were in charge of a company with way too much cash? That was the dilemma Apple was facing. It has a stockpile of US$98billion. Many have joked, the tech giant could buy some of the struggling economies in the Eurozone with its overflow of cash, but after years of … Continue reading →

If you’re looking to set up an office in Perth, then be prepare to pay top dollar. The city has been touted as one of the world’s rapidly emerging office markets. It is Australia’s most expensive space, holding the highest prime office rent per square metre of $896 per month. Sydney sits at number 10 … Continue reading →

As Australians ponder a slowly rising unemployment rate, spare a thought for the Greeks. Late tonight, the Hellenic Statistical Authority, Greece’s equivalent to the Bureau of Statistics, revealed data showing the country’s unemployment rate rose to a record 21.0% in December. That’s up from 20.9% in November, and from 14.8% in December 2010. More than … Continue reading →

It’ll come as no surprise to learn that on average, miners are the best paid in the country. The Australian Bureau of Statistics today released its average weekly ordinary time earnings report, which showed a 0.5 per cent increase in the December quarter. The guys at CommSec took a closer look at the data, and … Continue reading →